No need to be a statistician to see that averages are often useful to compare different things. And yet, they often fall short as a true measure of performance...But averages can also hide important information. For example, Roger Federer had a better average record than Rafael Nadal at the peak of their professional tennis careers. And yet, Nadal almost always beat Federer on clay, and won the majority of their matches overall. So, which player was “better”?

Last Monday, September 5th was the deadline for renewable energy developers and independent power producers to present their technical and financial offers to the first Argentinean renewable auction. The first auction process, under the name “RenovaAr-1” tendered 1000MW of renewable capacity including 600MW of wind and 300MW of utility scale solar PV. The participation was a success with a PV+Wind combined capacity demand of 6,3GW, or 10 times the capacity offered in the first tender including 49 wind projects and 58 PV plants.

Recently, I have been asked more and more about planning and strategy for Production Tax Credit (“PTC”) qualification under the 5% spending safe harbor clause. Due to the PTC “sunset” for wind farms over the next few years, it has become increasingly important for developers to qualify for the PTC before the end of 2016.